Bank of Uganda raises benchmark interest rate to 12% amid currency, inflation pressures

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The Bank of Uganda raised its benchmark interest rate by 225 basis points to 12%. The move responds to shilling depreciation, worsening external balances and rising inflation risks.

🌐 Location: Kampala — Sources: 8 — First seen: 2026-10-14 — Last seen: 2026-10-15

Uganda Bank of Uganda interest rates inflation shilling

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